Tax Q&A

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Turnover threshold for small business corporations

What is the turnover threshold to qualify for the tax levied on different thresholds on small business corporations for 2015 and 2016 The Turnover Threshold

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What tax cert is issued when a transfer is issued?

What tax certificate is issued when you do a transfer from financial institute to another for money that is taxable? E. G from one linked annuity to another li

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Tax number

I want to know my tax number Please call 0800 00 7277 to retrieve it from SARS.

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Can TaxTim help complete both a joint partnership tax return and an individual tax return?

Hi,I have entered into a business partnership with 1 other person. Would TaxTim be able to help us complete both the joint partnership tax return as well as our

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Can a student claim for working a short period?

Will I be able to claim back any sort of tax refund? I worked from June 2013 - December 2013. My basic was R5195 health grant - R1088 + overtime etc. I had basi

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Need help

I've never recieved a tax number from my prefois employer whom I worked for 10 years, i'm self employed for 4 years now and earn less then R 15 000 a

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Provisional tax for less than R5000 income - what do do for SARS?

I just registered a company and we might make income of less than R5000, do I have to submit provisional tax? Financial year end is February. Yes, but then

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Can you do my last two tax submissions for me including this year - what is the cost.

Hi Tim I have not filled in my tax for the last three years up to date :( :( Would you be able to do this for me and I provide all relevant documentation. How m

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When getting bonus, how tax is calculated/

Morning Tax Tim, I want to know if I'm earning about 84000/pa do I have to pay tax? also when I'm getting bonus in December how do you calculate the t

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If my spouse is disabled and claims accordingly, can I claim that I am married to a disabled person?

If my husband has a disability and he claims as a disabled person. As his wife can I claim too that my spouse is disabled? Whomever pays the medical expenses

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What percentage tax should I pay if I earn a gross of R17,371

If im earning a gross of R17. 300 what percentage tax should I pay? Is that per month? Please make use of our SARS income tax calculator to see what you sho

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Buying for a company on personal account - can I claim for tax purposes?

I buy groceries and prepaid electricity every month for the company I work for then they refund me. Will this be an issue for SARS when I do my tax return? I sp

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Do not have to submit my tax return as I thought I was below the bracket for 2010, 2011 and 2012 to

Got a penalty for not submitting for 2010, 2011 and 2012. Taxable pay over threshold and did not submit. Believed it was under the "do not have to submit bracke

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What are the Tax Tables for the 2013 tax year?

Please supply the TAXABLE INCOME for INDIVIDUALS for the 2012/13 tax year https://www.taxtim.com/blog/sars-tax-rates-for-2013

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What is a REASON 02 for not charging/deducting tax?

What is a REASON 02 - for not charging/deducting tax? It would depend on your circumstances, but mostly it is when you belong below the tax threshold.

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SARS transaction reference 16 on the ITSA?

What does a transaction reference 16 mean on my ITSA - the description says electronic refund even though the amount is a debit and not credit. Is there a m

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I would like to know how to complete a nil return via eFiling?

I am doing some admin work from home and have been paying Provisional Tax for the last 3-4 years. Twice a year someone has been doing my tax return via eFiling

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Wear & Tear: what % can I claim on my computer/mobile/garmin/camera, etc, which I use in my work?

I would like to know what percentage I can claim for wear & tear on tools of my trade, per year? I am an environmental consultant and need to take not only

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Corporate Social Investment for tax purposes?

I am wondering about the Tax Benefits for companies that donate money for CSI (Corporate Social Investments) is there a certain starting amount companies need t

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When is SARS going to pay me out my refund?

I have a return due of R2000. 00 I have not been requested to provide any documents but my eFiling status shows assessment received and my SARS status shows ret

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Reimbursed tuition fee?

My employer reimburses my tuition fee if I passed all subjects. I am studying a PGDA and I am a trainee. Is the reimbursed tuition taxable? No the amount the

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Registering for a tax number with SARS?

I've noticed conflicting information re: how to register for a tax number in South Africa. I'm an international student studying in South Africa and will be wor

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'Request Tax Types' not on menu on SARS eFiling?

I am asked to click on 'Request Tax Types' on the left menu . . . But there is no option like that Are you referring to SARS eFiling? Yes ...SARS efiling

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What is the useful life of a truck for SARS tax purposes?

HOW MANY USEFUL LIFE DOES A TLB TRUCK HAVE? Please consult our Wear and Tear calculator to determine useful lives.

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Deferred payments with SARS?

Can SARS impose the 10% late payment penalty when the taxpayer has requested a deferred payments arrangement? This would be in relation to provisional tax perio

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